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GLP inks new leases totalling 87,000 sqm in China

Logistics facilities provider GLP, has signed leases totaling 87,000 square meters (sqm) with three industry leaders in China, the company said in a statement to the SGX.

With these leases, GLP is strengthening its collaboration with two key customers: JD.com, a leading e-commerce company and Best Logistics, a leading 3PL provider in China. Both of them are among GLP’s largest customers by leased area in China.

GLP has also established one new customer relationship with an e-commerce company selling auto parts. All the customers will utilize the space to meet the increasing demand from domestic consumption, GLP said.

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